A group of banks has come to the rescue of California’s oldest Latino bank, Pan American Bank of East Los Angeles, reports the L.A. Times. A group of community banks have agreed to invest more than $6 million to keep Pan American, which has not turned a profit since 2005, from being shut down by regulators.

The 22-year-old man who fatally shot his accomplice while they attempted to rob an El Sereno store last week has been charged with murder, reports L.A. Now. Jose Alfredo Favela could face life in prison over the shooting of Jose Espidon.